Banco Bradesco says it’s ready to weather corporate defaults and debt restructuring in Brazil. In response to questions about a Petrobras downgrade, CFO Luiz Carlos Angelotti pronounced that Bradesco “carefully analyzes credit events on case-by-case basis,” expecting it to keep a coverage ratio; that gauges a bank’s ability to catch intensity losses from non-performing loans, fast by 2015. Petrobas unsecured debt rating was lowered to a lowest investment- grade ranking. The Petrobas Hillside was a categorical thesis on a call, overshadowing Bradesco’s differently clever quarterly results. Bradesco has a “conservative” risk assessment process that creates a peculiarity of a loan book more solid.
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